IBRD/IMF

From Oct. 8th to the 11th, 1985, the “International Bank for Reconstruction and Development” (IBRD) and the “International Monetary Fund” (IMF) held their annual board of governors meeting in Seoul, Korea. The Annual Meetings are usually held for two consecutive years at the IMF and World Bank headquarters in Washington, D.C. and every third year in another member country.  These are not small events and typically number about 13,000 attendees. This event was another practice session in preparation for the 1988 Olympics.

The Guard/Security Commemoration Medal

The bar at the base of the ribbon reads 경비기념장 “Guard/Security Commemoration Medal”. The pendant is similar to the Commemorative Medals listed below. There is a Taeguk 태극 (太極) which symbolizes Korea and Namdaemun 남대문 (南大門) the Great South Gate, which symbolizes Seoul. In a rocker around the top, it has in English: “Annual Meetings • Board of Governors • Seoul, Korea”. In the center, is “1985”. To the left of the date, it has: “IBRD” and on the opposite side: “IMF”. On the reverse of the pendant, there is “IBRD/IMF”, the dates for the meeting “85.10.8–10.11”. The Korean text at the bottom is 총회 경비 기념 which translates as “General Assembly Guard/Security Commemoration”.

Obverse
Reverse
Ribbon bar for the Guard Medal in an original case. the inscription on the cover 警備記念章 (경비기념장) translates as “Guard/Security Commemoration Medal”.

The IBRD/IMF Commemorative Medals

There were three medals made to commemorate the 40th Annual Meeting of the IBRD/IMF in Seoul. They were struck in copper by Korea Security Printing and Minting Corporation and issued by the Republic of Korea’s Ministry of Finance to the attendees at the IMF meeting. The one side of these commemorative medals are all the same. There is a Taeguk 태극 (太極) which symbolizes Korea and Namdaemun 남대문 (南大門) the Great South Gate, which symbolizes Seoul. In a rocker around the top, it has in English: “Annual Meetings • Board of Governors • Seoul, Korea”. In the center, is “1985”. To the left of the date, it has: “The World Bank and Affiliates” and on the opposite side: “International Monetary Fund”. The reverse for all three commemorative medals is different. Since these commemorative medals do not carry a denomination, they are not listed in any standard coin catalogs.

The obverse of the medal has a rocker across the top with 제40차 서울 세계은행국제통화기금 총회 “40th World Bank International Monetary Fund General Assembly in Seoul”. Also depicted is a Korean “Good-Luck Purse” 복주머니 with traditional long life symbols. Partially obscured behind the purse, there is a Yi Dynasty Sang P’yong Tong Bo (常平通寶) cash coin, and (what at the time was) a circulating 10 Won coin. At the bottom is the IBRD/IMF logo.
The reverse is composed of a number of Korea coins, both circulating and commemorative. The material composition is 88% copper (Cu)
and 12% zinc (Zn). There was 1,000 Issued.


The obverse has a Korean Empire 5 yang coin. There are two dragons in the center. The outside rocker has: 大朝鮮 開國五百一年 • 닷량 • 416·5 YANG·900 which translates as: Great Chosŏn Founded 501 years • 416 • 5 Yang.  The Found 501 years 開國五百一年 equates to 1892. Original mintage was 19,923. I am uncertain what the meaning of 416 is. It could be a Korean weight or purity scale.